DZone

IoT is already affecting every segment in industrial, enterprise, health, and consumer products. It is important to understand the impact, as well as why these disparate industries will be forced to change in the ways they build products and provide services. 

There is an opinion that the impact of IoT-related industries, services, and trade will affect 3% (The Route to a Trillion Devices, ARM Ltd 2017) to 4% (The Internet of Things: Mapping Value Beyond the Hype, McKinsey and Company 2015) of global GDP by 2020 (extrapolated). Global GDP for 2016 was $75.64 trillion dollars with an estimate that by 2020 it will rise to $81.5 trillion. That provides a range of value of IoT solutions from $2.4 trillion to about $4.9 trillion.

Source: DZone